HomeMy WebLinkAbout0946 PROVIDED, AGWAYS, that if t6e Mortgaaor ahall pay unto the Mortgagee the indebtcdueee evidrnced by a
certxin promieeory nate of which the following iun worde and Pigurea is a true copy to•wit:
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; Miami, Florida_~SX 21+ l~~
FOR VALUE RECEIVED Y~~~pin*,l~r aad a~~r~rrllx promise to pay
w the order of I~~°~ : •?'•+:•~-~-K? - - " ~
~ che principal sure~ of~~' ~~~i4Str.~;s~n~ t x HlrNtiith_2~~ Flt"I'Y DOLLARS, together with interest
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ihereon from clate at the rate of ten percent. per annum until maturity, boch principal and incerest being payable in
I lawful money of the Uniteci States at ?U~i Roper Building, Miami, Florida, or at such other place as the holders hereof may
i designace in wricing. Principal and interest payable in installmtnts ~s foliows:
i
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~ ' 'i`l~irt~r9fi~re (:~~~.OU~ I~c,l2ars per ~uoAth beginni.z~ or~
th• 15th day oi~' Jexly, 194~, s:un ouatinui.ng on ths l~th !4
~ : day of saoh ~wad mrrsry a~an4.h thereaf~er ~mtil paiti in
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~ 'I'his note n?:~y be ~~reE~aicl in ~~•hule ur in ~~art ,?fter une }e:u Iro~n thr cl.ite ItereuE u~,on ~~,?yment of a Yenalty
eyui~alent to tH~o ~~ercent ut the E~rincipal sum ~~repaid.
Each installment payment shall be credited first on tht interest due, and the remainder on },rincipal; and interest
shall thereupon cease upon [hr principal so credited. .
The makers and endorsers af this note furthtr agree ta waive demand, notice of non-payment and protest, and
in che event cuit shall be brought for the collection hereof, or the same has ta be collected upon demand uE an attorney,
to pay reasonable atcorn~y's Eees for making such collectian.
, DeEerred payments hereunder shall bear interest at the tate of ten percent. per annum from maturity until paid. f
This note is secureci by a mortgage of even date herewich and is to b:. construed an3 enforced according to the laws
of che Stace of Florida; uipon default in the paymtnt o[ principal and/or interest when due, che whole sum of principal ~
ancl interest remaining unpaid shall, at the option of the holders. become immediately due and paysble.
~ uL1:~~ _L (SEAL)
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and ahail perform, comply with and abide by each and evuy the stipulatione, a~ementa, conditione and covenanta of
aaid promiseory note and of thia deed, then this d~td and the eatate there.by created ehall ceane ~nd be null and void.
1. The Mortgagor hereby covens~nt~ and a~reee:
(a) T'o pay ali ~ad sin~ular tbe principal and inierest and other •um~ of ~none~ p•yable by ~irtue of said promiwory nute and tLis
decd, or tither, promptly on t}k days rdpeetively tht ~ame ~ev~ally becotueb due.
(bl To permit, eommit or eu(Eec ao wsste and to maintain the improvemeoL at ttll timta io a et~te of ~uod repair and tondition; and
to do or permit to be done to wid premiata nothin~ ttut well dter or eLan6e t6e nae and chararter o! wid propert7 or ia any way
impair or wcalcen the seeurity of this mortgaEe. And in u+e of tlfe refusal, ne~lect or iw~bility of tbe Mort6aaor to repair and maintain
eaid propeny, the Mort6a6ee ~ay, st bie option, make ~ucL rep~irs or cause th~ samc to be madc, aad rdvance mone~s in that behali.
" (c) To pry all and sin~ular the taxts, as~ewrocnta, ltvies, liabilitiu, md obliptiooa oi eve~ nature oo wid deseribed preperty tach
and every when due and payable aecordin6 to law, be(ore they becon?e cklinquent, and to .delever to the Mart~`ee on or before March
~ 15th of each year tax receipta evidenciuR the paymcnt of all lawfully impo~ed taxea for thc qrecedin~ caleadar yar to indemnifr thr
Monaaaee upon hia dtm~nd for ali taxee, ~eaeasrt~enta and charaea ihat may bt aasessed upon this mort~~ on the indtbtedntae atcured
hereby, and p~id br the moriRaRee, without re6ard to ¦ny Irw 6erctofore ena~ted or her~~fter to be eoa~ted imposin6 {?~~rmeut of the
whole or any part thereof upon thc MortEa6ee.
(d) To pty all and sinauler t6e costa, char6te ~ud expenaes, indudin~ lawyero' feu and abtstract cosis reasoesably incurred or paia at
anr time by the Mort~agee bec~use of the foilure on tht p~rt of ~ht HortgsEor to perfortn, eooyply witb ~nd abide by each and evtry
the stipulatioos, a6reementa, conditione ~nd CO~YOaR~! OE aid prornieeory nmte •red thie deed, or eitLer, aed every euch payintnt ehall
bwr inttrest from date at the rate of !rn per centum per annum.
; (e) It ie further covenanted and rRreed by wid partia that in the evrnt of a sait bein~ instituted to foreelose thi~ mortsa6e, the Mori-
6s6ce shall br entided to apply ¦t any time pendiua ~oc6 fvreelo~ure sait to tbe court hrvin6 jurisdictir?o ebtreof for tbe appsialmont
of a receiver of aD1 and sin6nlar the mort6a6ed property, and of ~Dl rents, incomes, pto6b, "saud ~nd rcveauts thereof, from o+Latsoever
source dcrived; and thereupon it ie hcreby espraely eovetunted snd a6rexd tb~t the Contt ohall (orthwith appoiat eue~ Teceiver with
the eutval powera ~nd dutiea of receivers in like tues; and aaid ~ppoiatment ahall be made by the eourt as a matter of sirict ria6t to
the Mort~a6ee, and wit6ont reference to the adequary ar iaadeqaacy o! the value of t6e property hereby n~on~aatd, or to t}?e eolvency
or insolvency of the Mort~a~ors or any othcr party defendant to euch suit. The Mort~aFor hereby spceifccaliy waivea the right tu
object to the appointment of a recci~•er us aforceaid rnd hereby expresely ~orucents that ench appointment eball be msde as ~r admitted
equity and aa +a matter of absolute riRht ro the Mort~Rce ~nd th~t the eamc may be done withaut notice to tht Mortgs~or.
(f 1 If forecloeurr. proc~edin~s ahould be inetituted a~inat tLt propert~ coverr.d by s}ifie martga~e npon sn7 other licn ar rlaim whether
alle~ed to he super~or or junior to tht Iien of thie mort6ase, the Mortgagee msy at his option immedistely npon inautution ot euch
suit or durinR the pendency t~ereof dtclare this mort6a~{e and tbe indebtedness eecured hereby due and paysble forthwith and may a~
ite option proc~cd to forcclo~ tf~is moet~aRe.
That the Mort6a6or w•ili l•eep all rtal and pereoosl property now or hereafter encumbered by the lien of thie martpsa6e insured
¦s rnay be rcyuireJ from time to, ti~ne by the MoK6a6te a~inst lase by fire, wendstorm rnd oth~r has~rds, casualtiea snd contioRenci~e
for sueh periodb and for r+ot lees tban such amounta aa may be required by tl~e Mort6aEee and to pay prompdy w6rn due all premiums
ior eu~h ineurance. The amounte of ineurancc reqnired b~ th~e Mortga~ee Rhali be s}~e minimurn ¦mounts ~~r which eaid inaurance shall
be written end it ehall bt incumbent upoo tht Mort6rgor to maiol~in sueh additiunal inearanct ae msy be ~.~essary to meet an~i comply
fully with ell cainrur~nce requiremtata conUined in raid policiee to the end t6at the wid Mort~a6or ie not a co-inauror thereunder.
Inaurance ehalr bt written by a company- or eompanid approved or dtai~nted by the: Mort6a6ee and allpc~liciee ¦nd renewals thcrcof
eh~ll be held by the Mort~a6te. Att detailed desigutioae b7 the Mortga~or which sre accepied by th~ Mort~aaet and a11 a~reauente
between MortRagor ~ud Mort~gee rclatin6 to i~unr~ace, now tzietinE on c~rrafter made, ehatl br in writing and ehall 6t a p~art of this
' mort6a6e ¦6reement u fully ~a thou~h set foRh verbatim hertin and e}ull 6ove.rn bot6 partie~ hereto and t6eir suceeaeore and asei~ns.
` No lirn upon sny of baid polieiea o( ineurance or upon aa~ reiund or return premium which may be payable oo t6e cancell~tion or
term~nation thereof, ehall be ~iven to ot6er than tbe Mortaa6ec, e:cept by proper endoreement sffi:ed to Rucb policy and approved by
~iort~asee. Each policy of inaurance ehalt haxe tlfixed thtreto •.''~tandard Ntw York Monsa~ee Cl~uee without Contribvtion., n~akinR
' al! lose or losECe ander euch policy payable to tLe Mort~agte aa ita interest mry appear. In the event any eum or euma of inoney be~~mc
payable th~reunder the MortgaRe;c ehall havz the option to rectice and apply the eame on ac~ount of tht indebttdaeae hereby eecur~d,
or to permit the Mort~aRor to receivt snd utie it, or any p~rt thereof, without thercby waevinE or impsirin6 •ny eqnit}, iien~ or riRht
un~ler and by virttu of this mortRaRe. Tn event of loa~ or p6ysiral damaKe to the mortRaEtd property tbe Mor:Ra~or ehall g~ve immr
diate nutice thereof 67 rtuil to the Mort6egee and the Mort~aFre may make proof of losa if thc aame ie not m~de promptly by the
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